Lloyds Engineering Works Limited (ISIN: INE093R01011) announced that its subsidiary, Techno Industries Private Limited, has secured a significant contract with Mumbai Railway Vikas Corporation Limited. The agreement, signed on August 02, 2025, involves the procurement of escalators for various Western Railway locations.

Contract Details

The contract encompasses a comprehensive scope of work, including:

• Design
• Manufacturing
• Supply
• Multiple loading / unloading
• Installation
• Testing
• Commissioning
• Maintenance during the warranty period

Financial Implications

The agreement carries substantial financial value:

Subsidiary Information

Techno Industries Private Limited is a material subsidiary of Lloyds Engineering Works Limited. The parent company holds a significant 88% shareholding in Techno Industries, underlining the importance of this contract to Lloyds Engineering's overall business operations.

Regulatory Compliance

The company made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. The disclosure was filed with both the BSE Limited and the National Stock Exchange of India Limited, where Lloyds Engineering's shares are listed.

This contract represents a notable achievement for Lloyds Engineering Works Limited through its subsidiary, potentially strengthening its position in the railway infrastructure sector. The successful execution of this project could contribute to the company's revenue stream and enhance its portfolio in the transportation infrastructure domain.

Lloyds Engineering Works Limited (ISIN: INE093R01011) announced that its subsidiary, Techno Industries Private Limited, has secured a significant contract with Mumbai Railway Vikas Corporation Limited. The agreement, valued at Rs 23.11 crore (including 18% GST), was finalized on August 1, 2025.

Contract Details

The contract involves the procurement of escalators for various Central Railway locations. Specifically, it encompasses:

• Design
• Manufacturing
• Supply
• Multiple Loading / Unloading
• Installation
• Testing
• Commissioning
• Maintenance during the warranty period

Financial Aspects

The financial breakdown of the contract is as follows:

Project Timeline

The project has a stipulated completion period of 24 months from the date of issue of the notice to proceed.

Company Relationship

Lloyds Engineering Works Limited holds an 88% stake in Techno Industries Private Limited, classifying it as a material subsidiary of the company. This substantial ownership underscores the significance of the contract for Lloyds Engineering's overall business operations.

Regulatory Compliance

The company made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. The disclosure was filed with both the BSE Limited and the National Stock Exchange of India Limited, where Lloyds Engineering's shares are listed.

This contract represents a notable development for Lloyds Engineering Works Limited, potentially contributing to its revenue stream and showcasing its subsidiary's capabilities in the railway infrastructure sector.